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I sold everything I produced. Sales were $10,000. Variable product cost was $4000. Fixed overhead was $2000. Administrative expenses were $3000. do an absorption costing
I sold everything I produced. Sales were $10,000. Variable product cost was $4000. Fixed overhead was $2000. Administrative expenses were $3000. do an absorption costing income statement and a variable costing statement, then answer the following questions.
A. $6,000
B. $1,000
C. $4,000
Cost of goods sold is |
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Gross profit is |
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variable product cost is |
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Contribution margin is |
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both statements have a net income of |
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